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. let's begin with ben willis at the newscy. -- nyse. we had some bias coming in the last half hour. >> as long as washington keeps santa claus hostage we'll continue to see this. "the santa clause" rally hasn't appeared because it has been over this fiscal cliff. kudos on fox business for the headline of story coming out of washington congress will meet on sunday this coming weekend that. is definitely took us off our low. we had a major rally on that. 10 handles on the s.o.p.s we watched down here. it was a painful trade there for a couple of hours. ashley: ben, very quickly up until now the market hasn't really reacted to the fiscal cliff but seems today it really sort of kicked in. did the market get it wrong up to this point? >> the fear is we may have got it wrong. market as i've been saying for a while believes in fact we will have a resolution so we will not go over the cliff. the recent commentary maybe has been there will be a patch so we'll get it done by early january. the comments by mr. reid today. the ball was thrown into his court by mr. boehner who failed with his p
a market mover. >>> and i would have to say for my businessperson of the year, drum roll, please. ben bernanke, chairman of the federal reserve. why, because he surrounded us with free money and his low interest rate policy triggered a stock market rally all year long, an economy that while moving slowly certainly showed growth throughout the year. bernanke's policies encouraged lending, it encouraged borrowing, and also told us that there are few alternatives with any returns for our money beyond stocks and housing. for all of that, ben bernanke is my pick for businessperson of the year 2012. that will do it for us for today. thank you of so much for joining me. next week we will coming to you with a brand new look and a brand new name. look for "on the money with maria bartiromo." i'll continue to be here with you, as will all of our great guests every week where wall street meets main street. happy new year, everybody. wish you the best for 2013. i'll see you next weekend.
it through the day. why don't we bring in our cast of thousands here. ben willis, jason milly, brad fredelander, and of course rick santel santelli. ben let me get to you first of all. what do you feel this means beyond just the market moves today, the emerging deal what does it mean for the markets once we crack into the new year? >> we knew they could do it, it just took a long embarrassing cost of our reputation in the world to get it done. with that being said, i think you mentioned the capping on the tax deductions. you want to keep an eye on the high end housing and the high end buildings. if that does come to fruition. but the whole tape is moving. apple in and of itself is moving the nasdaq today. that may be a function of the idea of the continuation of the tax benefits for writeoff in the business sector. people investing, businesses investing in technology to grow their business. so that would be the area that i think you're seeing the greatest impact. but the whole market is moving. the building stones of an economy, the basic material groups and the consumer spending is
-fashioned black cabs. they are as much a part of the british capital as the big ben on the tower bridge. >> no wonder then there was a huge outcry when back in october the company making those calves filed for bankruptcy. what's worse, the london taxi company had to recall a large number of the calves once renowned for their reliability. -- a large number of the tabs -- cabs once renowned for their reliability. >> not all the caps on the streets of the traditional black cabs and more. martin has driven a taxi in london for 18 years. he would rather not give his last name because he is not sure if he is willing to remain faithful to the london taxi company. >> i really don't know, to be honest. i've got mixed feelings. >> martin loves his job, and he likes driving around london, but he is aware that things have not been going well with the london taxi company. he thinks the company must have bad management because it has been losing money for the last four years running. his own vehicle has not been as reliable as he could have hoped. at least once, it was recalled to the factory to corr
of sight. until some believe their own rhetoric -- read ben bernanke -- about moderation. but when the global minotaur was mortally wounded, it left the global economy in disarray. it has put the world in permanent crisis. the minotaur was slain by a brave warrior named theseus. its death ushered a new era of tragedy, history, philosophy. our very own global minotaur died as the victim of wall street bankers. what will its demise bring? should be hope for a new era in which wealth does not require poverty? will be develop a system where no longer will abstract power waned while others get stronger? the global minotaur will be remembered as a remarkable piece to whose rain created and destroyed the illusion that the global economy was stable. thank you. [applause] right. questions? i think i am going to moderate myself. ok, you have to line up. this is the way you do it here, isn't it? >> that is a brilliant vision of where we have been. can you elaborate a little bit more on where you see us going? >> very briefly, i think that we are in a state of sustained bewilderment. because,
saying that their convictions were tainted by naked racism. >>> ben affleck's story about how there was a reduce by the cia and canadian government to get hostages released. now a canadian who played a critical role in the real-life drama has died. >>> call it blackmon in the nfl. lovie smith, one of the seven coach who's got fired after the regular season. 10-6 record. led the bears to the super bowl in 2006. other coaches getting the ax. romio crennel, chan gaily, ken whisenhunt. and andy reid. pat shurmur and norv turner. five general managers also got the ax. a tough day in the national football league. >>> something to watch during today's 104th tournament of roses parade. for the first time ever, the defense department has a float, a replica of the korean war veterans memorial in washington, d.c. >> is there something significant about the first day of the year? >> the season ended the day before. finished all their games. as soon as games are over, they fire everyone, clear house. the reason you fire so many coaches, in nfl, so much parreded onny. they have the same lev
, ben. >> all of the participants at this meeting left without a word. i don't think we will hear from them the rest of the day. there is a great deal at stake and very little time left. it has been reported that president obama presented a plan to increase taxes on income over a quarter million dollars per year, as part of the deficit reduction plan to deal with american debt. he would probably say to the congressional leaders that need to figure out a way to get it through, but i think the expectations in washington of a deal are low with only three, four days left until the new year and the media tax hikes and spending cuts taking and -- kicking in. >> that means perhaps heading back into recession? >> yes there is little doubt in washington about the seriousness of the sick jubilation. the problem is withdrawing government demand from the economy too big spending programs cuts with a smothering effect on the tax hikes will have been very damaging effect on the was economy and by extension the world economy. people know it is serious, but the politics, we know that the house and sen
here, ben. it's a very challenging time for so many folks. if you look at the u.s. sense success, 49 million americans are poor. 1 out of 6 american here. does this plan help or increase the burden on people who are not doing well and particularly within the african-american community? >> you know, one of the key things here that is very important is that we extended unemployment insurance for the lo long-term unemployed. that's important because 2 million people in our country every day beating the pavement trying to find a job. in our community, in the black community, the average length of unemployment is 27 weeks. that's exactly as long as it takes to qualify as being long-term unemployed. it's a week past six months. so for the average black person, long-term unemployment insurance is critical. for our communities it's critical, because every dollar that an unemployed person receives they can spend. they spend is very closely to where they live. that was critical, and i think frankly we saw it as one of the most critical things. >> and, ben, talk a little bit about the expectati
ben bernanke -- about moderation. but when the global minotaur was mortally wounded, it left the global economy in disarray. it has put the world in permanent crisis. the minotaur was slain by a brave warrior named theseus. its death ushered a new era of tragedy, history, philosophy. our very own global minotaur died as the victim of wall street bankers. what will its demise bring? should be hope for a new era in which wealth does not require poverty? will be develop a system where no longer will abstract power waned while others get stronger? the global minotaur will be remembered as a remarkable piece to whose rain created and destroyed the illusion that the global economy was stable. thank you. [applause] right. questions? i think i am going to moderate myself. ok, you have to line up. this is the way you do it here, isn't it? >> that is a brilliant vision of where we have been. can you elaborate a little bit more on where you see us going? >> very briefly, i think that we are in a state of sustained bewilderment. because, let's face it. in the 1930's, the new deal, despit
interviews with retiring members of congress. at 8:00 p.m. easter, senator ben nelson of nebraska talks about his two terms and his time as a member of the gang of six. then at 8:40, represented jerry lewis of california on his 17 terms in congress. that is followed at 9:15 with representative lynn woolsey on her anti-war work. that is thursday at 8:00 p.m. eastern, here on c-span. >> tonight, a discussion on corporations in pursuit of high stock values. then a group economist explains why he believes the u.s. is responsible for the global financial crisis. later, interviews with retiring members of congress. on tomorrow morning's washington journal, we are asking business owners to call in and talk about the fiscal cliff and their plans for next year. then we will continue with the forecast for the coming years housing market. that is all about more discussion of the fiscal cliff negotiations as congress returns to washington. we will be joined by steve forbes. later, discussion on background checks, how they work, who gets them, and when they are required. our guest is matt bennett. "washin
very much. i'd like to invite ben santer up here to present the award to dr. hansen. ben is a member of the jury and a climate scientist in his own right at lawrence livermore lab. >> jim, you and steve were pioneers of the frontiers of climate science, exploring the role of the oceans in climate change, the role of clouds, the role of aerosol particles, and i could spend a lot of time recounting your scientific contributions. i won't -- i just wanna tell you one very brief story. back in 1988, i was doing my postdoc in hamburg, you testified in front of congress. you said, we see the signal emerging from the noise. that had huge influence on me and on hundreds, thousands of my colleagues. the idea that we could see some coherent human-caused warming signal emerging from the year- to-year or decade-to-decade noise of natural climate variability, it certainly had a discernable influence on my career and on the science i chose to do. germans have a word, zivilcourage, there's not really an english translation for it. and what it means as best as i can translate it is, individuals who s
500. a lot of people say the ben bernanke rally. plugging money into the economy, but also a lot of regular people and hedge fund managers, pull out. so you might have missed it. >> a lot higher -- >> i should check it more often. docs don't check stuff this often. >> we can help each other, my friend. you keep us healthy, we'll make you rich. >>> second of state is spending new year's eve in the hospital, sadly. because of a blood clot. the latest on her condition, just ahead. >>> and the kardashian clan about to get bigger. kim's big announcement. watch us any time at your desk top or mobile phone, go to cnn.com/tv. i've always had to keep my eye on her... but, i didn't always watch out for myself. with so much noise about health care... i tuned it all out. with unitedhealthcare, i get information that matters... my individual health profile. not random statistics. they even reward me for addressing my health risks. so i'm doing fine... but she's still going to give me a heart attack. we're more than 78,000 people looking out for more than 70 million americans. that's health in
. as ben tracey reports, investors from china are putting billions of dollars into american business to meet the increasing chinese demand for u.s. products. >> reporter: scott meadows runs silenus vineyards in california. there's a reason he put the bald eagle on the bottle. >> that was a specific request from the owners in china. >> reporter: chinese investors bought it and now 90% of the wine from here, that's 9,000 cases, is shipped to china. what does the chinese want with a vineyard in nappa valley. >> there's a big demand for goods that are scarce. they're buying american-made products and sending their money back over here. >> reporter: and the jobs stay here. >> and the jobs stay here. >> reporter: they have invested $16.4 billion in the u.s. in the past decade. $1.3 billion in california companies, a record $560 million in just the past year. the chinese are also boosting the golden state's housing recovery. they've bought one out of every ten homes sold in the past year. >> compared to the high end housing like in beijing, this is not that expensive. >> reporter: di mi neb
, but what about our favorite, steve moore here, what do you think? is 2013 going to turn the corner like ben bernanke and others are saying? >> i never like to bet against the american economy and there are so many spirits. and we haven't had a real recovery in four years. you get the feeling that the economy is ready to pop, but the countervailing argument everything washington is doing expansion. and i entirely agree with your previous conversation that energy and technology are just drivers of high powered growth, but the countervailing force i think follows the higher tax rates coming in 2013 and some of the regulations and obamacare are holding back business's willingness to expand and hire more workers. >> paul: not just the regulatory wave on health care, there's huge with dodd frank reform and huge pentup regulatory wave hit on energy. all kinds of rules hitting utilities and energy company. so who wins? washington or the private economy? >> well, i think, actually if you look at a couple of indicators, it's not good for at least the first half of 2013. one is business investment. bu
? is 2013 going to turn the corner in a better direction like ben better -- bernanke and the other head chairs are saying? >> we haven't had a real recovery in four years. we really haven't. you just get the feeling that the economy is ready to pop. the argument though is everything washington is doing is holding back this expansion. that'sou the frustration investors and businesses feel. on the positive side you have the energy -- i highly agree with your conversation that technology are just drivers ofy high how perked -- high powered growth. but the force are the higher tax rates that are coming in 2013 and some of the regulation s in sew bough ma care are holding back -- in obamacare are holding back the willingness to expand and hire morene workers. >> and there is going to be a huge regulatory wave to finish out the dodd frank financial reform. there is a hugee, pinned up wave on energy. all kinds of rules hitting utilities and energy companies. so who wins? washington orng the private economy? e >> i think actually if you look at ate couple of indicators it is not good for at le
11 bucks a session. i want to bring in ben from traders audio. we're significantly off the highs of the session in most of the major commodities, let alone the stock market off its highs. i'm hearing amongst traders is this sort of a lack of conviction in this big rally? >> in terms of follow-through we're seeing limited conviction. the s&p basically had the 27 handle move through the open session and zero follow through. so there is lot of traders right now asking if this was full release if you will after the news type effect and just seeing some sellside activety in reaction. up 27 happened else. there is conviction to the upside. low follow-through. low energy. >> ben, i will, i literally made him run down from the trade. these guys are much busier day than they have been the last several trading session. i will let him get back to work. this is rally traders will watch to see if it actually lasts basil very prices have been a big winner in today's session. the at one point up more than 4%. just up 2% on the session. everything is sort of coming off under the circumstances hi
this week and there were a few issues raised by support. number one is the religion has totally for ben for gay people to get married. second of all we have others who did mention earlier about equal opportunity that every person has the right to get married regardless of whether they are male or female. the last plane like to make it say what this young person who can say to to me they shouldn't have been voted for the make your mark ballot. instead it should have been young people and the police, which is by far more important. thank you. [applause] >> and i'm not just to say because they see a small number of people standing up who have spoken before and i welcome your csm, but in fairness to people who haven't had a chance to speak, i need to be looking for those who have not spoken before the debate. the woman in the back row. yes, it is you. >> i am representing. it is love, care and dedication between two people. if those two people know they love each other, is it unfair to say they need to have it written on paper and writing on paper for his love more important. there are othe
recently had with nebraska democratic senator ben nelson. he served two terms and was part of the so-called gang of 14. that is at 8:00 p.m. eastern here on c-span. here is a brief look. >> what is your thought about the art of compromise and how much it is now viewed in this city? >> well, you know, is valued to talk about it. everybody back home want people to come back to washington and work together. and then they send people back here who have committed not to work together. that makes it very difficult. if you have in the senate in block of individuals who will not compromise and think of compromise as a for that -- as a four-letter word, which is not, then it becomes difficult to merge ideas and find compromises and accommodations in process or implementation as opposed to your principles. no one is asked to compromise his or her principles when you are talking about compromise. maybe how you go about doing something, not exactly eliminating your view about one thing or another. i think the word compromise is over used, underutilized and misunderstood by an awful lot of people
boys. a nationwide search was under way to locate ben an henry. they were on a holiday trip with their father in tennessee. we were supposed to return to georgia december 24th but they never came back. during our live interview teresa sent a message to her son. >> children, please call mommy. you know my phone number. i have taught you how to do it. if daddy doesn't have a phone, you can ask anybody you see. anybody you see has a phone. remember my number and call mommy's number. you can ask people at stores. you can ask people at the gas station. you can ask people anywhere you see. you need to call mommy and vf at phone. they will help you. anybody will help you. call mommy. >> just minutes after that interview, the boys called their mother, told her that they were safe, and that they were in austin, texas. police there tell cnn that someone at a hotel recognized the boys from the amber alert and our program and they contacted police. >> the law enforcement community nationwide, we take these amber alerts seriously when it deals with kids, with children. this is one of tho
-minute mark. i think we'll call this the ellie kefns rally. >> i think we should call it the ben rally here. >> i'm not going to take any credit for this. >> pulled you in. >> first time you've been in from london in a while and you get a rally, coincidence. i think not. let me show you what's happening as we go out. coming out with a gain of 286 points on the dow right now. that's the high for the session, but even stronger, as kelly was pointing out earlier, the technology stocks are powering the nasdaq higher so the dow is up 2.18%. the nasdaq is up almost 3% at this point. what about the fear indicator vix has had its biggest two-day decline now in a few years. it's down another 18% today at 1477. what's powering us higher here? among the s&p sectors, technology. look at, that kelly, up 3% almost on that. the financials, the telecoms. >> look at telecoms up 3%, and we're just seeing the s&p at session highs, 1458. those are the levels to watch. so we're at highs much earlier in the day at 10:00 and now as we enter the final minute of trade, back testing those levels. >> look at this. yo
. something even as simple as your friends can make a difference.ls edin the past years, there's ben highs and lows in twitter, andd yo've seen the arab spring.d, we've seen the un, you know, settling events around general petraeus and congressman wieners and use of social networks can wreak havoc in your life. unlike vegas, what happens onli. facebook, doesn't stay ons, what facebook. here's the toop five don'tsi'm g currently. number one, ifon you are a male judge, don't friend the hot sex' female defendant and tell her how to plead in your courtroom on facebook. don' was done by a 54-year-old judge in georgia, and it was uncovered these hundreds of messages between him and a defendant in the courtroom, including one agreeing to pay part of her rent, and anotherinl one where she offer him a year't worth of free massages and saids "lol, i'm not really trying tond bribe you." [laughter] aloud, i number two, if you're a bigamist, don't let wife number two post your new wedding photo on facebook in a place where wife number one will see it. [laughter]whoto that happened. one married john in
card, she bought some gas... and an all-expense-paid trip to hawaii for ben. ben is the identity thief who used a device called a skimmer to steal her information from her card to open a fraudulent account. every year millions of americans ju like you learn that a little personal information in the wrong hands could wreak havoc on your life. this is identity theft, and no one helps stop it better than lifelock. lifelock offers the most comprehensive identity theft protection available. ordinary credit monitoring services tell you after your identity has been stolen; they may take 30 days to alert you! too late for amanda. with lifelock's /7 proactive protection, jill would have been alerted as soon as they noticed an attack in their network, before it was too late. and lifelock's bank account takeover alerts would have notified amanda in time to help protect her money. lifelock guards your social security number, your money, your credit, even the equity in your home. while identity theft can't be completely stopped, no one protects you better than lifelock. and lifelock stands behind t
to make plans. peter greenberg is here with things to know about >>> it is official. ben affleck says he's not going to run for u.s. senate. affleck wrote on his facebook page yesterday, i love massachusetts and our political process, but i am not running for office. the rumor mill got busy after the actor appeared on "face the nation" and did not rule out a possible campaign. massachusetts will need to elect a new senator later this year because senator john kerry is in line to be secretary of state. >>> welcome back to "cbs this morning," everyone. >> welcome back. new year's eve is five days away. if you're ready to celebrate, great. if you haven't made plans, there are plenty of options. here to help you out is cbs news travel editor peter greenberg. happy almost new year. >> happy almost new year. >> what's your first pick picking a hotel. >> with the exception of times square and miami beach, there are a lot of local city hotels empty during new year's eve. here's the deal do your party there, invite friends, great discounted rooms, then the value-added deals, ki
seats which is how the following happened. amen named ben davis, benjamin davis won s c and city council of new york in the 1940s. you might be interested in two aspect of benjamin davis, city council member. he was black. he was an african-american and he was an enthusiastic public leader of the united states communist party and he was elected because of proportional representation. shortly after that proportional representation was ended. new democracy came in first, they had twenty-eight%. ari arizahad 24 or something close. under greek law whatever party comes in first gets not only the percentage of the popular vote that is won but an extra 50. that is the only reason there the government in greece now because they got it by this rule which is designed to favor the party that comes in first. you had a knife edge situation in greece. in addition to the sariza party their deep rooted greek communist party that got 8% of the vote typically so you have 24, one third of the voters in greece voted extreme left wing hostility not just to this crisis but to the capitalist system of greece
of her debit card, she bought some gas... and an all-expense-paid trip to hawaii for ben. ben is the identity thief who used a device called a skimmer to steal her information from her card to open a fraudulent account. every year millions of americans ju like you learn that a little personal information in the wrong hands could wreak havoc on your life. this is identity theft, and no one helps stop it better than lifelock. lifelock offers the most comprehensive identity theft protection available. ordinary credit monitoring services tell you after your identity has been stolen; they may take 30 days to alert you! too late for amanda. with lifelock's /7 proactive protection, jill would have been alerted as soon as they noticed an attack in their network, before it was too late. and lifelock's bank account takeover alerts would have notified amanda in time to help protect her money. lifelock guards your social security number, your money, your credit, even the equity in your home. while identity theft can't be completely stopped, no one protects you better than lifelock. and li
. welcome, ben bernanke. like dan the man and myself, we're going to be looking at that participation rate. i don't think ben's going to want the lower rate to be driven by issues that are economically sound. >> i think you're right. the one thing you have to pay attention to, what if we start stronger numbers. >> i hope unemployment goes down, participation rate goes up. now, i'm going to hit in another arena. i love simon and simon was given one of the republicans a hard time. and i understand that. hey, where was the entitlement reform? where was the media asking about it last night? >> we hadn't heard anything. >> these fiscal conservatives, maybe they're not as good as the president. they are the best. at playing political chess. >> yes, they are. >> it just unfortunate there's very little correlation between winning the chess game of politics and winning what's best for the country. >> you win a battle here, but what about the long-term war here? >> they're not winning anything right now. i'm so disgusted right now. it's what's been going on in our country for the past four years. th
cliff. this fall is really going to hurt. ben white of morning money, dennis, said an excuse to get a bic can keeney on the cover. >> relatively slow news day. what geithner did yesterday is almost as if he is strapping a damsel in distress to the tracks and saying the stakes are rising higher. the markets are taking all this tension, all this sort of -- these things at stake to really make the point perhaps that you have to have those stakes really high for people actually to get a deal. >> on "fast" last night when that letter crossed in the green rooms, we were chatting, we said this sounds like a ploy on the part of the treasury to actually get people to start moving. obviously, there wasn't a market selloff, did have the stumbling blocks and traders on friday said almost better if we did see the markets pull back more to crystallize what this could mean for the u.s. economy to members of congress. we didn't see that. it is a numbers game though in terms of what will happen. we know need 60 votes to clear a fill buster in the senate. seven republicans need to go along a lot of j
cuts. the concern we have and that is prompted by ben bernanke or the congressional budget office or lot of outsiders, looking at the way the fiscal cliff is structured, where finds that it actually has too much debt as a production, and i say that as someone who generally does not worry about too much depth as a production, because politicians are so unlikely to reduce the deficit much, but if we went over the cliff, there would be in too what steps the production. takes a wax and domestic discretionary spending -- it takes a big whack at domestic discretionary spending. so we should replace the fiscal cliff with more thoughtful deficit-reduction. make sure that you reduce the deficit in a way that is phased in gradually so we don't seem too much this year. we are all aware the economy's not going as well as it should be. if there's a way to do this more gradually, it would be better for the economy, but you need to lock in the changes so we know we are serious and stick with them, and that it is done more thoughtfully. so that it is an across-the- board hit at many but not all p
, benning your legs like that, and with the concussion, one of the things she was told was to rest. not easy for her to do, i can tell you for a fact. that may be part of the inactivity. >> and we don't know what the cause is. back in 1998, it was deep vain thrombosis. >> dvt, a clot in one of the leg veins, in and of itself, not a problem, but it can break off and go to the lungs, called a pulmonary embolism, she is on blood thinners, and you treat the brain clot. this is within one of the blood vessels in her legs. they haven't told us. >> what do they do about this? once you have had an episode of dvt, what's the treatment? >> blood thinners, you want to tip the balance a little bit so you are more likely to break up the clot. the downside, rumor likely to bleed if you injure yourself. it's a careful balance and that's the monitoring in the hospital right now. >> i heard people say if you travel a lot you should take the low-dose aspirin is that true? >> baby aspirin. a lot of people take it for all sorts of reasons. >> i like the flavor. >> orange. >> orange flavor. >> and it will keep y
was -- in print saying that gold would not go over 2,000 -- >> will it get there. if ben bernanke gets his way, it will get there. >> it went from 200 to 1,800 knowing what bernanke was going do. but you're right because it's a beg thy neighbor. everybody is printing -- >> at the core of what the fed is trying to do is phillips curvean in that they're trying to trade short-term gains in unemployment for modest upticks in inflation. if they get their way, presumably the gold bowls will come back out of the woodwork. >> if it goes from 200 to 1, 800, it's anticipated. >> how much did that suit cost? >> not very much. tie's a different story. >> not $1,800? >> no, not $1,800. >> you should be able to buy a suit for an ounce of gold. that's always been the -- >> i was not aware of the suit-to-gold ratio. >> suit-to-gold ratio. you -- never, never been your -- >> suits -- >> you've always need good five or six troy ounces to buy -- >> you buy a brioni suit, can you pay in gold bars? >> that's how i usually do. it. >>> real quick, boxing day according to wikipedia, traditionally the day following ch
comprise the seven republicans and seven democrats to spearhead with john warner, john mccain, and ben nelson. it was born to avert an institutional crisis as a result of repeated, systematic filibustering of president bush's judicial nominees in the senate. in response, the republican majority were going to exercise the nuclear option and it would have jettisoned longstanding rules requiring 60 votes to end a filibuster. the 60-vote threshold has always been protecting the rights of the minority, but when it becomes just a simple majority vote? how that happened? it would have had enormous implications for the future of the senate. just as we were about to cross the political rubicon, the gang of 14 forced a pact based on mutual trust that we would only support a filibuster under what we labeled as extraordinary circumstances and we would oppose the nuclear option. it embodies the very manifestation of the power of sense is building. as this body contemplates changes to its rules in the next congress, i would urge all my colleagues who are returning to follow the gang of 14 and exerci
but not be very good investments. >> that's the question people have been asking, value investors since ben graham created the field. the answer is, there's no identifiable catalyst. the beauty of value investing is you buy something less than its intrinsic value, and eventually that value gets realized. it just can't see what's going to make it happen up front. >> charles, david, thank you guys. talk to you soon. >> thank you for having me. >> we take you live to the nymex to find out exactly what is behind the $2.45 move. that is a big move. for a number of shoppers, post-christmas rituals include, of course, gift cards today. and many unhappy returns. up next, jane wells will be with us in l.a. with the lowdown. good morning. >> hi, simon. yeah, you were just talking about it a little bit. there's been this transition from my generation, yes, i'm old, i like to gift, even if i don't like it, to my kids, 20, 22, they just want gift cards they don't care about the thought. give them the money. and is it enough to save christmas. we'll have that after the break. >>> welcome back to "squawk on the
releasing solo albums produced by ben folds two is wonderful himself. she is best known as a social media queen rock-and-roll. she is engaged with her fans through social media and is known for finding her next album via kickstarter, a pay-what- you-like for my music model. welcome amanda. [applause] >> highlight to begin by agreeing that predictions are bullshit and social media is also bullshit. that being said, it helps me a lot. not so much the prediction that i would make, but everything that has happened to me in the last few months, the kickstarter i did that raised over $1 million, it brought a discussion of about my use of twitter and connecting i have done with my audience and my fans. the conversation that i hear happening every year between artists and musicians is that people are beginning to measure the cost of connections. and by that, i mean you have people engaging on your behalf as the artist and engaging constantly with fans. the pros and cons are starting to shake out. the past few months, these sorts of people coming to me are my uncle that is a very successful person
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